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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Crude oil breaks below $50 handle with brent oil also sub 55 and likely to test sub 50. Will the price remain at the basement in 2015. Oil producers will crash their fx reserves at this rate leading to current account deficits. Those with shallow fx reserve pockets face tough economical turbulence. Will OPEC remain intact or will the cartel members start an internal gang fight... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:Crude oil breaks below $50 handle with brent oil also sub 55 and likely to test sub 50. Will the price remain at the basement in 2015. Oil producers will crash their fx reserves at this rate leading to current account deficits. Those with shallow fx reserve pockets face tough economical turbulence. Will OPEC remain intact or will the cartel members start an internal gang fight... How long will these hold ? this will eventually put the shale producers and a good number of players off and finally supply will be diminished in respect to demand (unless global economy slows down kabisa ) I see AOL and Tullow trading at ***** prices !!! I should start working on having an account that will make me trade in these shares
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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kyt wrote:i see @nabwire, so a visitor enter the NYSE, say, on a tour? Oh you meant enter as in tour the NYSE? The public can no longer go inside the building for tours after the 09/11 attacks. You can only walk around the building, only staff and media are allowed inside the building.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:hisah wrote:Crude oil breaks below $50 handle with brent oil also sub 55 and likely to test sub 50. Will the price remain at the basement in 2015. Oil producers will crash their fx reserves at this rate leading to current account deficits. Those with shallow fx reserve pockets face tough economical turbulence. Will OPEC remain intact or will the cartel members start an internal gang fight... How long will these hold ? this will eventually put the shale producers and a good number of players off and finally supply will be diminished in respect to demand (unless global economy slows down kabisa ) I see AOL and Tullow trading at ***** prices !!! I should start working on having an account that will make me trade in these shares AOL and TLW fat discounts are so fantastic. Hope these basement prices last much longer for a sustained scoop for the long term basket. KE CGT on mining firms is also adding bear pressure for oil stocks with operations in KE. Currently scoping hydrocarbon stocks to pick for this year with the fat discount making it difficult to choose.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Mart_Consult wrote:THE Cartel's spoken...what say you @Hisah?
I'm not buying their story of saying by maintaining output at current levels, low Oil prices will fuel global economy growth...something doesn't sound right there, OPEC isn't the world's keeper...bye-bye to a now crippled Venezuela economy too... Indeed OPEC is out of sorts. Oil has just broken another critical support level in what has now become a norm since Sept!? Shale oil sector and small hydrocarbon economies are facing a nasty crossfire.
This Putin guy. Watch him.
Russia Cuts Off Gas Supplies through Ukraine To Six European Countries
Market volatility will likely be the dominant theme in 2015.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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but hisah, this is just plain madness, how do you lose 90% of the funds in less than a year, and the guy is just "truly sorry? what does that even mean? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:hisah wrote:Mart_Consult wrote:THE Cartel's spoken...what say you @Hisah?
I'm not buying their story of saying by maintaining output at current levels, low Oil prices will fuel global economy growth...something doesn't sound right there, OPEC isn't the world's keeper...bye-bye to a now crippled Venezuela economy too... Indeed OPEC is out of sorts. Oil has just broken another critical support level in what has now become a norm since Sept!? Shale oil sector and small hydrocarbon economies are facing a nasty crossfire.
This Putin guy. Watch him.
Russia Cuts Off Gas Supplies through Ukraine To Six European Countries
Market volatility will likely be the dominant theme in 2015.
Job cuts in oil industry "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Incredible oil selloff looking at the 5yr chart. Absolutely insane. Many funds will blow up against such a swift solid move...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 4/1/2014 Posts: 47
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@hisah,am lost as to what triggered the rapid decline.is it the volumes,increased research or america and Canada shale production.or politics by Saudi.did Elliott wave movement foresee the probability of such.big question.can the same happen to equities world over now that we are all inter link.imagine a UK or euro crisis.can fall of china bring untold pain.external factors are very dangerous as we can't predict how African equities will act.i think the oil saga has made me open up to various possibilities.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Kagame wrote:@hisah,am lost as to what triggered the rapid decline.is it the volumes,increased research or america and Canada shale production.or politics by Saudi.did Elliott wave movement foresee the probability of such.big question.can the same happen to equities world over now that we are all inter link.imagine a UK or euro crisis.can fall of china bring untold pain.external factors are very dangerous as we can't predict how African equities will act.i think the oil saga has made me open up to various possibilities. 2008 financial crisis proved how fragile global markets are as equities crashed more than 50% in value. The oil move has caught many offguard as the slide is too swift. Iran and russia are bypassing the dollar on oil sales, shale production has cranked up, iraq is supplying a lot of oil now, and saudi has to defend its market share. Add to that a deflationary eurozone and china slowdown. Oil price is just adjusting to the market forces. From a TA perspective there was a likelihood price would slide to 80 below 100 support. But suddenly 70, 60 then 50 all printed breaching numerous critical support levels! Too fast a selloff and a swift bounce will equally follow.
The eurozone QE launched yesterday by ECB should support a bottom in oil prices and make eurozone stocks to rally as well as global stocks. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 4/1/2014 Posts: 47
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 Great reply@ hisah.now that we know that oil will bounce back ,where can a local invest in commodities (oil)when the bottom is breached.i personally wonder if $40 is the not madness.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Kagame wrote: Great reply@ hisah.now that we know that oil will bounce back ,where can a local invest in commodities (oil)when the bottom is breached.i personally wonder if $40 is the not madness. You can try saxo trader and activtrades. Use the live chat feature on each site to enquire for more details. Note that trading commodities such as oil requires more funds unlike stocks coz of margin requirements.
Saxo - http://sg.saxomarkets.co...ng-platforms/saxotrader
ActivTrades - www.activtrades.co.uk/index.aspx
If funding the above needs a lot of USD, just buy local industrial stocks. That oil discount will benefit industrials the most.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The leftist have won in Hellena. Will they force the Bankers to change the Greece debt terms or will they end up like Hollande? This will continue adding downside pressure to the euro. Savings/deposits in euros will suffer devaluation and negative interest rates! http://www.bbc.com/news/world-europe-30975437$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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China's yuan breaks into the world's top five as payment currencyWill easily overtake the yen then the pound and remain fighting the euro and USD for top spot. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This has been a long time coming. The end is finally in sight for the petroldollar regime.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Banks May Force Clients to Eat Cost of Negative Nordic RatesQuote:Back in 2012, when Denmark first cut its benchmark deposit rate below zero, commercial banks balked at the suggestion they could share that cost with retail clients for fear of losing business. Now, with rates even lower and the prospect of further cuts, banks are considering charging the people whose deposits provide their funding.
“We cannot pay interest on an account and then deposit the money at negative rates in the central bank,” Christian Clausen, chief executive officer of Nordea Bank AB, said in an interview in Stockholm. “It simply won’t fly.” Savers and depositors in euroland being forced out of holding cash. Mattress Coffer Inc (MCI) demand going strong or is it home safe deposit box parabolic demand...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Big drop coming up in oil...! $40 handle will likely be tested. Crazy market! The trend is definitely signalling that sub $40 will eventually trade! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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hisah wrote: Banks May Force Clients to Eat Cost of Negative Nordic RatesQuote:Back in 2012, when Denmark first cut its benchmark deposit rate below zero, commercial banks balked at the suggestion they could share that cost with retail clients for fear of losing business. Now, with rates even lower and the prospect of further cuts, banks are considering charging the people whose deposits provide their funding.
“We cannot pay interest on an account and then deposit the money at negative rates in the central bank,” Christian Clausen, chief executive officer of Nordea Bank AB, said in an interview in Stockholm. “It simply won’t fly.” Savers and depositors in euroland being forced out of holding cash. Mattress Coffer Inc (MCI) demand going strong or is it home safe deposit box parabolic demand... We should have an MCI index in Eurozone  or they can just bring some of it to the NSE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Negative interest rate mortgages have arrived. In DenmarkThis means you get paid to take a mortgage by that particular bank!? This happening before ECB's QE of 1.5 trillion euros starting in March?? Dead mortgage market as deflation bites. The deflation in euroland is just getting started! Negative interest rates will be hanging around for a while as euroland CBs fight their all to see off deflation by creating inflation; by whatever means necessary! Is euroland about to experience Zimbabwe like current deflation? @cde what u say? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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